Sri Lanka forex reserves tumble US$880mn in November

Sri Lanka's forex reserves dropped by 884.9 million US dollars in November 2018, to 7,018.38 million dollars amid a statutory reserve cut and more liquidity injections, official data show. In November the central bank cut the statutory reserve ratio and injected what an official said was an estimated 90 billion rupees of cash at zero interest rate in to the banking system to permanently sterilize liquidity shortages generated by earlier interventions.

Social Media

Your Consent to our Privacy and Cookie Policy

We use cookies that help to increase the performance of our website to serve you better, to provide social media features and to analyse our traffic. Click ACCEPT to give your consent to accept our cookies and start browsing the site.